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Quantitative Advisor - Full-time / Part-time
•30 days ago
| Hours | Full-time, Part-time |
|---|---|
| Location | Boston, MA Boston, Massachusetts |
About this job
Description
Looking for highly qualified candidates to lead the design, modeling, testing, and implementation of statistically-based models calculating Probability of Default, Loss Given Default and Exposure at Default in both wholesale and consumer banking. The output from these models are used throughout the bank, especially in Comprehensive Capital Analysis and Review (CCAR)/Stress Testing, Economic Capital, appropriate reserves for Allowance for Loan and Lease Losses (ALLL), and loan pricing levels that are commensurate with the risk inherent in transactions.
Responsibilities will include:
- Working primarily with line and credit approval personnel to design, develop, document, and implement Probability of Default (PD)/Loss Given Default (LGD) models, thus providing credible management direction to support business decisions
- Ensure full compliance with regulatory and accounting requirements
- Provide functional specs to Information Technology (IT) within the context of Citizens existing model implementation environment
- Conduct Quantitative portfolio analytics in coordination with the Risk reporting units, the business units and the Treasury Capital Management unit
- Work on various ad hoc Quantitative, modeling, and programming assignments using SAS, Matlab, R and SQL
Qualifications
Required Skills/Experience:
- 4+ years of progressive experience in econometric/statistical modeling of credit risk within a Commercial bank or a Risk consulting firm
- Deep understanding and knowledge of commercial and retail banking products, operations and credit processes, including credit analysis or lending or credit portfolio management
- Experience with credit risk modeling at a bank or Non-Bank Financial Institution (NBFI) Strong Quantitative/statistical skills (logistic and linear regression, advanced statistical modeling, etc)
- Excellent communication skills to develop and present recommendations of “grey areas” / uncertainty
- Proficiency with statistical modeling software: SAS, Matlab
Education:
- Master or PhD Degree - Preferred in Accounting/Finance/Statistics
Hours & Work Schedule
Hours per Week: 40
Work Schedule: Monday-Friday 8:00-5:00
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Why Work with Us
At Citizens, you’ll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.
Equal Employment Opportunity
It is the policy of Citizens Bank and Citizens Securities, Inc. to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.
Equal Opportunity & Affirmative Action Employer Disabled/Veteran
Citizens Bank is a brand name of Citizens Bank, N.A. and each of its respective subsidiaries, and Citizens Bank of Pennsylvania.